5 minutos Free Trade Zones or “FTZs” – areas in which governments grant businesses special incentives such as tax breaks and exemptions, and flexible rules on importation – have become increasingly popular. FTZs have been mainly set up with the purpose of attracting FDI, increasing exports, developing disadvantaged regions and creating new jobs. There are now around 4,500 zones in over 130 countries, and they have great impact on world trade (for example, accounting for more than half of Chinese exports). Their effects are Continue lendo→

menos de 1 minuto There is no doubt that major regional disparities exist within China. The gap between its eastern coastal regions compared with the central and western regions has only grown wider over time. China’s special economic zones (SEZs) are defined as small geographical areas that allow the integration of free-market principles to attract additional foreign investment. However, the creation and success of SEZs has led to prosperity in the coastal regions of China, creating additional economic disparity between regions. This paper posits Continue lendo→

1 minuto This dissertation is a study to reveal the degree of impact which free trade zone operations and maritime activities impact on the development of the Port of Kingston. Furthermore, provides a clarification as to the growth of the global economy, causes a significant demand for port capacity. Therefore, additional investment in port infrastructure is required for ports in order for them to maintain their viability and success. Importantly based on the results of the logistics performance index and the doing business report Continue lendo→

5 minutos Special Economic Zones (SEZs) have become an increasingly popular instrument to promote economic development. Over the last two decades, in particular, SEZs have proliferated in emerging and transition economies. States promoting zones have sought to stimulate economic development both within and outside the zone. Within the zone, states aim to attract investment that will lead to new firms and jobs, and to facilitate skills and technology transfers. Outside the zone, states aim to generate synergies, networks, and knowledge spillovers to foster additional economic Continue lendo→

10 minutos From available records, the world’s First Free Trade Zone (FFTZ) dates back to 166 BC, when Greece made the island of Delos a Free Port. The succeeding Roman Empire followed up with its Civitas Libera or Free Cities which were exempted from paying the annual tribute the reigning emperor, and allowed to mint their own coins and make their own laws. In the 12th Century, the Hanseatic League (a confederation of trading cities chartered and loosely governed by the Holy Roman Empire) Continue lendo→